Russia has allocated $86.3m in debt payments to the IMF, a source in the Russian Finance Ministry reported to RBC. This sum encompasses $27.484m for June 27 in accordance with the original schedule of payments and $58.819m for June 29, 2003. The aggregate amount of payments in June 2003 totaled $141.5m.
As of January 1, 2003, Russia's debt to the IMF was $6.4bn. The total amount of payments to be made in 2003 is about $2bn. Since the beginning of the year, the amount of Russia's payments to the IMF has reached around $981.5m.
Since the likes of the traditional Inauguration Day in the national Capitol are likely never to be witnessed again, take this opportunity from one who has been there to relate some truth about the experience